The lackluster demand for steel in foreign markets is likely to weigh on prices after the holiday, market sources said. Trading activity has slowed down in the latest pricing week because of market participants' bearish sentiment, a trader in Beijing said. Unless the Chinese government continues to impose environmental pollution measures and restricts steel production, it is difficult to find reasons that would provide support for prices after the holiday, a trader in Shanghai said. Local authorities of various districts in northern China’s steelmaking hub of Tangshan have ordered steelmakers to suspend their operations or restrict blast furnace operation... (Metalbulletin)

• [Editor:kangmingfei]